California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coca-Cola
KO
|
+$94.3M |
| 2 |
PepsiCo
PEP
|
+$74.5M |
| 3 |
Accenture
ACN
|
+$67.4M |
| 4 |
Lockheed Martin
LMT
|
+$62M |
| 5 |
Simon Property Group
SPG
|
+$53.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$145M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$94.2M |
| 3 |
Apple
AAPL
|
+$92.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$72.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.47% |
| 2 | Financials | 17.02% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WFT
1301
DELISTED
Weatherford International plc
WFT
| $5.15M | 0.01% |
1,899,162
-98,392
| -5% | -$289K |
|
1302
KB Home
KBH
$3.55B
| $5.14M | 0.01% |
215,191
-47,614
| -18% | -$1.19M |
|
1303
Cooper-Standard Automotive
CPS
$491M
| $5.14M | 0.01% |
42,828
+610
| +1% | +$81.8K |
|
1304
Mueller Industries
MLI
$15.2B
| $5.13M | 0.01% |
708,312
-20,304
| -3% | -$156K |
|
1305
Nabors Industries
NBR
$1.31B
| $5.13M | 0.01% |
16,639
+498
| +3% | +$154K |
|
1306
Lumentum
LITE
$63.7B
| $5.11M | 0.01% |
85,200
-6,200
| -7% | -$371K |
|
1307
Globus Medical
GMED
$11.5B
| $5.1M | 0.01% |
89,903
+15,452
| +21% | +$813K |
|
1308
Element Solutions
ESI
$9.22B
| $5.1M | 0.01% |
409,151
-16,596
| -4% | -$207K |
|
|
INXN
1309
DELISTED
Interxion Holding N.V.
INXN
| $5.1M | 0.01% |
75,788
+5,719
| +8% | +$371K |
|
1310
Range Resources
RRC
$9.5B
| $5.1M | 0.01% |
300,092
-22,681
| -7% | -$364K |
|
1311
Columbia Banking Systems
COLB
$8.99B
| $5.08M | 0.01% |
130,975
-19,630
| -13% | -$815K |
|
1312
Provident Financial Services
PFS
$3.22B
| $5.07M | 0.01% |
206,332
-7,703
| -4% | -$200K |
|
1313
Abercrombie & Fitch
ANF
$5.23B
| $5.05M | 0.01% |
239,108
-21,509
| -8% | -$522K |
|
1314
iQIYI
IQ
$1.31B
| $5.05M | 0.01% |
+186,422
| New | +$5.55M |
|
1315
HNI Corp
HNI
$3.6B
| $5.04M | 0.01% |
114,044
+5,459
| +5% | +$231K |
|
1316
Huazhu Hotels Group
HTHT
$12.8B
| $5.03M | 0.01% |
155,852
+1,228
| +0.8% | +$43.2K |
|
|
VG
1317
DELISTED
Vonage Holdings Corporation
VG
| $5.01M | 0.01% |
354,042
+64,833
| +22% | +$892K |
|
1318
Crocs
CROX
$6.38B
| $5M | 0.01% |
234,947
+8,028
| +4% | +$154K |
|
1319
NorthWestern Energy
NWE
$4.39B
| $5M | 0.01% |
85,167
-7,540
| -8% | -$447K |
|
1320
Advanced Drainage Systems
WMS
$10.8B
| $4.99M | 0.01% |
161,499
-11,702
| -7% | -$355K |
|
|
SJI
1321
DELISTED
South Jersey Industries, Inc.
SJI
| $4.97M | 0.01% |
141,063
+23,956
| +20% | +$813K |
|
1322
Fabrinet
FN
$18.8B
| $4.97M | 0.01% |
107,369
-8,140
| -7% | -$350K |
|
1323
Scholastic
SCHL
$777M
| $4.96M | 0.01% |
106,128
-4,187
| -4% | -$180K |
|
|
OAK
1324
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $4.95M | 0.01% |
119,633
+37,948
| +46% | +$1.56M |
|
|
PNK
1325
DELISTED
Pinnacle Entertainment Inc.
PNK
| $4.95M | 0.01% |
146,922
+8,509
| +6% | +$287K |
|
Similar funds
California Public Employees Retirement System's Q3 2018 Portfolio in Review
As of Q3 2018, California Public Employees Retirement System held 3,359 positions worth $77.6B, up 7.3% from $72.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.1%. California Public Employees Retirement System opened 70 new positions and exited 69, leaving the 3,359-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q3 2018 buy was Veoneer, Inc.: 151,840 shares worth $8.36M.
- California Public Employees Retirement System added most to Coca-Cola in Q3 2018, an estimated $94.3M increase.
- California Public Employees Retirement System's biggest Q3 2018 reduction was JPMorgan Chase, cutting an estimated $145M.
- California Public Employees Retirement System fully exited XL Group Ltd. in Q3 2018, selling an estimated $35.7M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $77.6B portfolio in Q3 2018.
- California Public Employees Retirement System opened 70 new positions and closed 69 in Q3 2018.
- California Public Employees Retirement System's portfolio value rose 7.3% quarter-over-quarter to $77.6B.
Based on California Public Employees Retirement System's 13F filing for Q3 2018, filed 13 Nov 2018.